NVIDIA will acquire Icera for $367 million in cash. Icera is one of the few remaining independent baseband processor providers for both 3G and 4G cellular phones, data modems, and tablets. The remaining independent suppliers are specialized in either 3G or 4G (but not both 3G and 4G). The acquisition has been approved by both companies’ boards of directors and is expected to be completed, subject to customary closing conditions, in about 30 days.
By offering the two main processors used in smartphones (the application processor and baseband processor), the combined company will help OEM customers both improve their time to market and deliver the requirements of next-generation mobile computing. NVIDIA will also have approximately doubled its revenue opportunity within each device.
More information about the acquisition will be available during NVIDIA’s quarterly conference on Thursday, May 12, 2011 at 2:00 pm PT. To listen to the conference call, please dial 706-679-2572; no password is required. The conference call will also be webcast live (in listen-only mode) at the following websites: nvidia.com and streetevents.com. A replay of the conference call will be available until May 19, 2011, at (706) 645 9291, conference ID 59360508. The webcast will be recorded and available for replay until the company’s conference call to discuss financial results for its second quarter of fiscal year 2012.
More info: NVIDIA